Selangor Dredging Reports Strong Interest for DaMai; Senai Launch Scheduled for Year-End 2025 - Article

KUALA LUMPUR, 26 September 2025 – Selangor Dredging Berhad (“SDB” or “the Group”) announced that its latest project, DaMai in Taman Melawati, has received encouraging market response following its unveiling in July 2025. At the time of writing, DaMai’s first release of units has achieved 80% take-up rate. Envisioned as Malaysia’s first condominium with its unique “Parking at your doorstep” concept, DaMai offers homebuyers the privacy and spaciousness of landed living combined with the security and convenience of condominium facilities.

“The encouraging response to DaMai affirms our focus on creating developments that are distinctive, sustainable and relevant for today’s lifestyles. As SDB’s most innovative development to date, DaMai reflects our willingness to set new benchmarks in the property sector and to continually push boundaries by redefining how people live,” said Teh Lip Kim, Managing Director of SDB.

DaMai continues to garner strong interest, with the majority of its initial offering taken up.

DaMai introduces the bold concept of a ‘Landed Mid-Rise’. The units begin at 2,000 square feet and come with a minimum of three dedicated car parks, allowing homeowners to park directly at their doorstep. This design eliminates common condominium-living inconveniences such as distant parking and the hassle of carrying heavy items across long distances. Complemented by spacious, well-planned interiors and resort-style facilities, DaMai offers a new benchmark in community living – combining the privacy of a landed home with the conveniences of modern, shared facilities.

The Group also stated that Senai, a 209-unit lakeside link-villa development in Taman Putra Perdana, Puchong, is scheduled for official launch at the end of 2025 after a registration campaign conducted late last year. Conceptualised with a strong focus on sustainability and lifestyle innovation, Senai is designed as a gated and guarded community surrounded by serene greenery and comprehensive amenities, offering families a healthy and nature-inspired living environment.

Following last year’s private preview, Senai is scheduled for an official launch by end-2025.

“Senai is conceived as a lakeside development that redefines landed living by blending innovation, lifestyle and value. Its 3-storey link-villas are thoughtfully crafted to harmonise with the natural surroundings, offering residents an environment that is both serene and inspiring. We believe Senai will resonate strongly with discerning homebuyers who seek not only comfort and functionality, but also a meaningful connection to nature and long-term value,” said Teh.

During the year under review, SDB’s ongoing developments, 19Trees in Taman Melawati and Jia in Taman Bukit Serdang continue to perform strongly, with both projects fully sold and currently in the final stages of construction. Both projects are scheduled for completion and for delivery of vacant possession by the end of 2025, further strengthening the Group’s track record.

Teh was speaking after the conclusion of the company’s 64th annual general meeting (AGM) held today at Hotel Maya Kuala Lumpur, where shareholders were updated on the Group’s performance for the financial year ended 31 March 2025 (FY2025).

During the event, shareholders were informed that SDB has total unbilled sales of RM105.88 million, after a commendable financial year whereby the company posted pre-tax profit of RM29.71 million on the back of a higher turnover of RM375.95 million for the year ended 31 March 2025. After accounting for taxation, the Group posted a net profit of RM21.92 million.

For the year under review, SDB’s fundamentals remain strong: Net asset backing per share is at RM2.06 per share.

In the hospitality sector, the Group’s hotel business, represented by Hotel Maya Kuala Lumpur, recorded revenue of RM21.63 million for the financial year ended 31 March 2025. The stronger performance was driven by resilient domestic demand and a steady flow of inbound tourism, particularly from China. Pre-purchase room contracts also provided a stable revenue base, further supporting the hotel’s improved results.

During the AGM, shareholders also approved the proposed single-tier final dividend of 3.0 sen per share for FY2025, reflecting SDB’s commitment to rewarding shareholders while maintaining a solid balance sheet to support future growth.